What should I consider when buying my first home?
It’s a big decision to buy your first property and chances are there are all sorts of features you’d like to find in your home.
Locating that ideal property should involve a bit of your heart and a lot more of your head, otherwise you could end up buying somewhere that’s far from a perfect fit. Compiling a list of what’s important to you in a property is a great way of narrowing down your options and ensuring you purchase somewhere most suited to your needs.
Location, location, location
One of the most important aspects to think about is the location of your property, which will largely depend on your individual circumstances. If, for example, you have children then you’ll need to make sure there are plenty of quality schools nearby. Young professionals, on the other hand, will want to be close to their place of work.
An area might seem ideal at face value, but spend some time researching it more in-depth to ensure it’s the right choice for you.
Another important factor is the price of property – how much can you afford to spend on your first home?
Some parts of the country – or the city – are more affordable than others, so it’s worth knowing where you are able to buy before getting your heart set on a certain home.
Safety and security
It’s essential that you feel at ease when you move into your first home, which is why you should invest some time in getting to grips with the local crime statistics.
Speaking to people who already live in the area is another good way to research the area – they’re likely to be the best source of information!
Some people like the idea of making their first property into a renovation project, while others simply want to move in and start living in it straight away.
Decide which category you fall into and factor this into your property hunting process.